D G Shah: Why drug pricing policies can be injurious to health – Business Standard
0“India had rigorous price control on medicines for 35 years (1978-2013). The 1978 Policy had 347 drugs and all its formulations – single ingredient and fixed dose combinations – under price control, covering over 90 per cent of the pharmaceutical market. The 1986 policy reduced the number of drugs under price control from 347 to 142 and also offered better norms for the post-manufacturing expenses to attract new investment in the pharmaceutical sector. In 1995, the number of drugs under price control was further reduced to 74, controlling about 50 per cent of the market.”
From – Business Standard